Hunger Chaos Nears As World Suffers From Historic Drought
EU Times
Sep 7th, 2012
A new shocking report reveals that the world could soon experience a severe food crisis as historic drought affects almost the entire world. US experts have warned that America’s 2012 drought may have devastating consequences, worse than the 2008 global food crisis when the prices soared so high that they triggered riots and unrest to parts of Africa, the Middle East, and Latin America.
The US 2012 drought has reached a critical level, which even US insurance firms will not be able to cover as home damages reach catastrophic proportions which exceed $1 billion in US record breaking drought.
The $1 billion damage to American homeowners is adding to the already-costly effects of this summer’s drought. Farmers are suffering $18 billion in losses from destroyed crops, and taxpayers may have to pay $10 billion to help with the recovery. Additionally, the US government has already paid farmers $9 billion so that they’re able to afford crop insurance premiums. These measures are already causing harm to the American economy.
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